The companies of the'artificial intelligence continue to make and attract investments. And if Nvidia this time he decided to focus on Australia, the competitor Cerebras announces billions in investments in Europe.
Nvidia invests in Australian Firmus Technologies
Ahead of its Sydney Stock Exchange listing later this year, the U.S. chip giant is investing in Firmus Technologies, an Australian startup operating in the cloud infrastructure sector. Nvidia has already invested AUD 720 million (about $500 million) in a $2 billion capital raise, the Australian Financial Review reports.
The US-based giant has purchased preferred shares, which will be converted into ordinary shares upon the IPO. This makes Nvidia the largest investor in Firmus Technologies, which is now valued at AUD 15,5 billion after the initial investment, nearly double its previous valuation.
Firmus will use the proceeds to purchase Nvidia chips for its data center project in Launceston and to support its broader expansion strategy in Australia.
Meanwhile, Firmus has called a shareholders' meeting for the end of July to approve the capital increase for the IPO and a 50-to-1 stock split aimed at reducing the share price ahead of the initial public offering.
Cerebras invests "several billion dollars" in EU data centers
Erin Brockovich said it plainlyData centers are now a global issue. The American chip startup Cerebras, a competitor to the giant Nvidia, has come to support this by announcing its intention to invest “several billion dollars” to increase the computing capacity of its data centers dedicated to artificial intelligence in Europe.
“It's about a massive expansion” to meet the “rapidly growing” needs of European customers, Andrew Feldman, the company's CEO, said in an interview with AFP on the sidelines of the Raise Summit in Paris.
Founded in 2015, Cerebras raised over $5,55 billion in its IPO last May. The company specializes in the development of giant processors, also known as “systems on wafers” and is headquartered in California. It also operates three data centers equipped with its chips in France, Finland and Norway, which will be expanded to reach a computing capacity of 200 MW by 2027.
With these data centers, "we believe we can meet the European requirements in terms of security and data protection; we have many European customers asking us about it,” he continued, specifying that the demand for generative AI in Europe is very “rapid”.
